What Can We Learn From Perrigo Company plc (PRGO)’s Valuation Ratios?

Perrigo Company plc (NYSE:PRGO) finished Friday with a subtraction of -$0.17 to close at $45.62, a downside of -0.37 percent. An average of 1,561,700 shares of common stock have been traded in the last five days. There was a gain of $0.90 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 1,689,685 shares traded, while the 50-day average volume stands at 2,275,820.

PRGO stock has increased by 6.66% in the last month. The company shares reached their 1-month lowest point of $42.57 on 09/24/21. With the stock rallying to its 52-week high on 09/30/21, shares of the company touched a low of $38.20 and a high of $50.90 in 52 weeks. It has reached a new high 16 times so far this year and achieved 2.01% or $0.90 in price. In spite of this, the price is down -10.37% from the 52-week high.

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Insider Transactions

227 days have passed since Perrigo Company plc (PRGO) last reported insider trading activity. Janish Ronald Craig, who is EVP, Gbl Ops & SC & CTO, most recently acquired $2,662 shares at $41.23 per share on Mar 10.

Valuation Metrics

Perrigo Company plc (PRGO) has a trailing price-to-earnings (P/E) ratio of 23.00 for the broader industry and 33.43 for the sector. In the last five years, Perrigo Company plc’s PE ratio has ranged between 114.64 and 25.86. The stock’s beta is 1.03. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.38, the price-to-book (PB) ratio at 1.11.

Perrigo Company plc pays a $0.96 dividend per share annually. It offers a dividend yield of 2.10%. The company’s most recent quarterly dividend payment took place on Sep. 21, and it was $0.24 a share, without any change from last year. Its dividend has been increased for the last 8 consecutive years with the latest increase dividend $0.0150 reported on Tuesday February 23 2021.Dividends have grown by 40.63% each year over the last three years.

The quick ratio of Perrigo Company plc for the three months ended June 29 was 1.70, and the current ratio was 2.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.53 and a total debt to equity ratio of 0.65 for the quarter ending June 29. Perrigo Company plc’s EBITDA margin for the year ending June 29 is 16.73%, while its operating margin for the same period stands at -5.40%. Its gross profit as reported stood at $1.82 billion compared to revenue of $5.06 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Perrigo Company plc’s return on assets was -3.10%. For the broader industry, ROE averaged -15.50 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Perrigo Company plc had $2.93 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$57.7 million in the quarter, while revenues of $38.1 million were grew 284.4%. The analyst consensus anticipated Perrigo Company plc’s latest quarter earnings to come in at $0.61 per share, but it turned out to be $0.5, a -18.00% surprise. For the quarter, EBITDA amounted to -$51.7 million. Shareholders own equity worth $133.72 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Perrigo Company plc (PRGO) price momentum. RSI 9-day as of the close on 22 October was 52.17%, suggesting the stock is Neutral, with historical volatility in this time frame at 16.53%.

As of today, PRGO’s price is $45.52 +2.01% or $0.90 from its 5-day moving average. PRGO is currently trading +6.09% higher than its 20-day SMA and -3.47% lower than its 100-day SMA. However, the stock’s current price level is +10.51% above the SMA50 and -0.83% below the SMA200.

The stochastic %K and %D were 25.78% and 23.71%, respectively, and the average true range (ATR) was 1.12. With the 14-day stochastic at 23.68% and the average true range at 1.22, the RSI (14) stands at 52.94%. The stock has reached 0.44 on the 9-day MACD Oscillator while the 14-day reading was at -0.14.

Analyst Ratings

Raymond James upgraded Perrigo Company plc (NYSE: PRGO) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Mkt perform. The consensus rating for Perrigo Company plc (PRGO) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PRGO, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 2 others rate it as a “buy”.

What is PRGO’s price target for the next 12 months?

Analysts predict a range of price targets between $48.00 and $63.00, with a median target of $59.50. Taking a look at these predictions, the average price target given by analysts for Perrigo Company plc (PRGO) stock is $57.50.


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